by AIP Online Bureau | Nov 27, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
Bajaj Group, Piramal Group and Reliance Industries had shown interest in expanding into banking, Mumbai: India’s central bank said on Friday it would reform rules on the structure of private sector banks but a source familiar with the matter said the changes...
by AIP Online Bureau | Nov 19, 2021 | Banking & Bancassurance, Indian News, Regulation, Technology
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers. “The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging...
by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology
MUMBAI: The Reserve Bank of India’s digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India’s Banking and Economic Conclave as reported by a local newspaper....
by AIP Online Bureau | Nov 14, 2021 | Eco/Invest/Demography, Indian News, Policy, Technology
There have been calls in India to impose stricter rules for transactions in virtual coins as an unregulated environment may push more domestic savings toward the asset class and could endanger household savings. New Delhi: India is planning progressive and...
by Agencies | Nov 12, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
Prime Minister Narendra Modi The central theme of the scheme is based on ‘One Nation-One Ombudsman’ with one portal, one email and one address for the customers to lodge their complaints. There will be a single point of reference for customers to file...
